SOURCE: mPhase Technologies

mPhase Technologies

April 20, 2010 10:00 ET

mPhase to Sponsor Small Business Innovation Research Conference

Conference to Provide mPhase With an Opportunity to Strengthen and Deepen Relationships With Potential Customers in Government Sector; Three-Day Conference to Be Held at Connecticut Convention Center in Hartford, April 21-23, 2010

LITTLE FALLS, NJ--(Marketwire - April 20, 2010) - mPhase Technologies, Inc. (OTCBB: XDSL), the developer of Power on Command™ battery technologies, announced that it is one of the sponsors of the Small Business Innovation Research (SBIR) Conference to be held April 21-23, 2010, at the Connecticut Convention Center in Hartford. CEO Ron Durando will attend the conference and be available to discuss mPhase's reserve battery and smart nanobattery technology.

The SBIR conference is designed to bring together small technology businesses with enterprises and government officials interested in adopting new technology, adapting it to current needs and bringing it to market. One-on-one meetings put small business leaders in front of decision makers from both the public and private sectors. Other sponsors include Pratt & Whitney, Sikorsky Innovations, Boeing, Merck, General Dynamics, Lockheed Martin, the Department of Homeland Security, and NASA, and other speakers include:

  • Connecticut Governor M. Jodi Rell
  • Christopher S. Rinaldi, of the Department of Defense
  • Dr. Kristina Johnson, Under Secretary of Department of Technology and Energy

Mr. Durando said, "This conference is an opportunity for mPhase to meet with defense contractors and federal government officials who represent key markets for us. Our battery technology has wide-ranging implications for defense, from flashlights to back-up power on weapons platforms. Selling to the federal government is a long and involved process and the contacts we will make and the relationships we will nurture here will help us navigate our way through the process."

He also said, "Very few people realize that modern military action is virtually impossible without batteries. From shoulder-launched missiles to telecommunications devices, the modern war fighter relies on batteries. And if a battery fails, the consequences can be dire. Our mPower On Command™ reserve battery and Smart NanoBattery can provide power in an instant with 100% absolute certainty that there is a full charge even if the battery has been sitting idle for years."

mPhase is a leader in the development and commercialization of reserve batteries. The company recently began selling its 3-volt lithium-based mPower On Command™ reserve battery, which features a barrier inside the battery that separates the battery's electrolytes from its electrodes, enabling the battery to stay fully charged until activated. Its Smart NanoBattery is a second-generation version of the mPower On Command™ reserve battery. Rather than requiring human action to bring the electrolyte and electrodes together, the Smart NanoBattery can be triggered remotely, by computer or other device. Both provide a full charge instantly, even if it has been on the shelf for years.

About Small Business Innovation Research
The US Small Business Administration (SBA) Office of Technology administers the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Program. Through these two competitive programs, SBA ensures that the nation's small, high-tech, innovative businesses are a significant part of the federal government's research and development efforts. Eleven federal departments participate in the SBIR program; five departments participate in the STTR program awarding $2 billion to small high-tech businesses. The US National Science Foundation administers the SBIR.GOV site on behalf of the federal government. For more information, visit http://www.sbir.gov.

About mPhase Technologies, Inc.
mPhase Technologies, Inc. is focused on developing and commercializing a new battery technology featuring Power On Command™ which provides a unique way to store energy and manage power that will revolutionize the battery industry. mPhase, through its 100% owned consumer products division mPower Technologies, is marketing its first Power On Command product, The mPower Emergency Illuminator. For more information, please visit http://www.mPhaseTech.com and http://www.mPowerTech.com.

Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.

Contact Information

  • Contacts:
    Michael Meek CPhT
    mPhase Technologies, Inc.
    Investor Relations
    301-718-1635

    The Investor Relations Group
    212-825-3210
    Jason Strominger
    Erika Moran